Dangerous/ Hazardous Goods Logistics Market Growth size was valued at USD 200.97 billion in 2021. The dangerous/hazardous goods logistics market industry is projected to grow from USD 212.87 billion in 2022 to USD 351.09 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.45% during the forecast period (2022 - 2030)
The Dangerous/ Hazardous Goods Logistics Market Growth is primarily driven by increasing demand for flammable liquids across verticals. Expanding industrialization in the developing countries is expected to propel the demand for petrochemicals and thus, drive the market growth. High demand for hazardous pharmaceutical products in both developed and developing countries is another key factor propelling the market growth. Increasing demand for lithium batteries with growing popularity of electric vehicles is witnessed to create lucrative growth opportunities for the players operating in the global market. However, presence of various regulations restricting or prohibiting the transport of dangerous goods is likely to affect the market growth during the review period.
Similar to logistic industry, the Dangerous/ Hazardous Goods Logistics Market Growth witnessed a substantial dip amid the pandemic. The dangerous goods logistic companies had limited orders during the 2020 owing to slow down of the end-use industries
The Dangerous/ Hazardous Goods Logistics Market Growth is characterized by the presence of many global, regional, and local companies. The market is highly fragmented in nature. The tier-1 players have vertically integrated operations, right from warehousing, value-addition, to transportation and customer-supply operations, which gives them a competitive edge.
The leading players in Advanced Dangerous/ Hazardous Goods Logistics Market are Ceva Logistics AG (France), Bollore Logistics (France), DHL (Germany), DSV (Denmark), DB Schenker (Germany), Toll Holdings Ltd. (Australia), Suttons Group (UK), Ellmann (Germany), DGD Transport (US), YRC Worldwide, Inc. (US), Geodis (France), Eastrex Logistics SDN BHD (Malaysia), Rhenus Group (Germany), Agility (Kuwait), SGS SA (Switzerland)
Domestic: Domestic shipping is when the goods are transported or shipped from point A to B within a country’s boundaries. Generally, these services can be done extremely fast and same-day delivery can be availed from certain companies. Two-day and three-day delivery options are also easily available.
International: International shipping is the process of exporting and importing goods between countries through sea, road, or over the road. International shipping is a complicated process of moving freight over country borders, accompanies by several regulations & norms.
By service type:
Transportation: The transportation of hazardous goods requires the logistic companies to follow strict rules. The industry is highly regulated to prevent accidents to people, property, goods, or the environment. The regulations are framed so as not to hamper the movement of hazardous goods other than those goods which are illegal to transported.
Warehousing and Distribution: Dangerous goods are generally stored in warehouses for transit or storage purpose, and can be risky leading to explosion or fires if not stored properly. In worst cases, improper handling can result in accidents with loss of property and life. To prevent such accidents, the logistic companies are required to adhere to safety procedures before and during operations.
Value-added service: Value added services is an industry term referring to non-core services. It includes packaging services or the pick-up of the goods from the customer’s location. In addition, it consists of onsite processing of dangerous goods shipment for transport by sea or air. Also, labelling, marking, and documentation services also come under this segment which offer time and financial efficacy for the retailer.
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By container types:
Insulated containers: They are generally used as a part of a cold chain to help maintain efficacy and product freshness. These containers prevent heat energy from flowing outside in order to keep the internal temperature constant
Bolster Shipping containers: It consists of a wooden floor and a steel frame support, making it easier for shipping the oversized and heaviest items. These containers are widely used by manufacturing companies, mining companies, and international moving companies, among others who want to ship heavy goods
Refrigerated containers: These containers maintain a stable temperature inside while controlling humidity and promoting sufficient airflow. The reefer’s climate control feature ensures that the product inside doesn’t spoil, which may occur from excessive moisture, heat, very less airflow, or extremely low temperatures.
North America: The North American market was valued at USD 194.35 billion in 2021 and is projected to reach USD 319.99 billion by the end of 2030. The US is the leading contributor in the region. The regional market growth is mainly contributed to rapid industrialization, increasing energy requirements, growing trading among neighbouring countries, and rising globalization.
Europe: Germany, France, and the UK are the major revenue contributors in the region. Strong presence of chemical manufacturing companies such as BASF, Exxon Mobil; petrochemical companies, and nuclear energy plants in Europe has augmented the trading of dangerous goods such as oil products, petrochemicals, flammable gases, etc.
Asia-Pacific: Asia Pacific is the largest and fastest-growing regional segment and is likely to reach USD 675.51 billion with a robust CAGR of 7.08% during the review period. China is the leading contributor in the region owing to significant production of chemicals, petrochemicals, flammable gases, etc.
Middle East & Africa: Saudi Arabia and UAE are the key regional contributors. The region is known for its crude oil drilling operations and accounts for a significant position in the global oil & gas industry. Saudi Arabia holds for around 17% of the world’s proven petroleum reserves. The oil & gas industry accounts for almost 50%of gross domestic product and around 70% of export earnings.
South America: Rapid industrialization and increasing disposable income have boosted the need for various chemical products, crude oil, oil products, etc., augmenting the regional market growth.
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